Cleveland Capital

Cleveland Capital Management L.L.C., operating as Cleveland Capital, is an investment firm established in 1996 and based in Rocky River, Ohio. The firm distinguishes itself by applying a private equity approach to public market investing, offering investment and advisory services to qualified investors. Their core objective is to achieve above-average returns while maintaining below-market risk over the long term.

The firm was co-founded by Wade Massad, who also serves as a Co-Managing Member. Cleveland Capital operates as a general partner of Cleveland Capital L.P., a private investment fund with a specific focus on micro-cap public and private equity securities. This strategy allows them to engage in active, long-term ownership similar to private equity, but within the public markets.

Cleveland Capital's portfolio includes investments in publicly traded companies such as Flux Power Holdings Inc (FLUX), AXT, Inc. (AXTI), and Virco Mfg. Corporation (VIRC). These holdings demonstrate their interest across various sectors, including industrial power solutions, semiconductor materials, and manufacturing. The firm's investment philosophy emphasizes a deep understanding of the companies they invest in, aiming to unlock value through a hands-on, private equity-style engagement.

The team at Cleveland Capital Management L.L.C. is lean, consisting of three partners, including co-founder Wade Massad and John Shiry. Wade Massad brings a background in investment banking, having previously served as Head of U.S. Equity Institutional Sales and Head of U.S. Capital Markets business at Keybanc Capital Markets and RBC Capital Markets. His experience includes serving on multiple public and private company boards, contributing to the firm's expertise in navigating complex investment landscapes.